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Kinnevik's comment on Silicon Valley Bank

Kinnevik AB (publ) (“Kinnevik”) notes the announcement from US authorities of various measures to strengthen the US banking system, including the protection of all deposits with Silicon Valley Bank (“SVB”). Kinnevik has worked with a limited number of investee companies on contingency plans to manage potential strains on liquidity. The aggregate exposure is deemed to be not material.

Kinnevik’s Year-End Release 2022